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Saturday, October 23, 2010
Friday, October 22, 2010
see where we went wrong
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Thursday, October 21, 2010
The beneficiary controlled trust may become a mandatory part of your asset protection given some recent FL court rulings regarding charging orders for multi member LLCs.
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If they don't put robosigners and their bosses in jail, the whole mortgage and foreclosure system may break down.
Wednesday, October 20, 2010
"BoA decided to charge themselves $10.4 billion in anticipation of a future decline in consumer banking revenues. Before this charge BoA earned $0.27 a share which works out to a $3.1 billion profit. Accountants and analysts call it a "non cash goodwill impairment charge" and it doesn't impact regulatory capital ratios. The plain and simple version is BoA expects to lose a certain amount of income in the future so they preemptively reduced their assets now while the funds are avaiable. The future loss of income centers around new laws reforming the fees banks can charge consumers to use their debit cards."
Poor them. BoA can't gouge their customers.